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<blockquote data-quote="FastGlass" data-source="post: 344031" data-attributes="member: 13822"><p>In order to write off your gear, you need to establish a business as a business. Here where I live I would need to go down to the city office building and tell them I'm starting a new business and what kind of business it is. At that point you would file for a DBA ( doing business as). Once you acquired this, now your a business. Up to you&nbsp; as far as insurance for the business. But you need to start separating all expenses, incoming cash, etc... You can't include this with personal taxes. So at the end of the year you would bring all your info to an accountant and let them do their magic. One thing to consider is there probably going to write off most of your gear long term. So say the lens you just bought will last you 20 yrs. There going to write it off over a twenty year period. Most likely they would choose something not so spread out but you get the gist of it.</p></blockquote><p></p>

[QUOTE="FastGlass, post: 344031, member: 13822"] In order to write off your gear, you need to establish a business as a business. Here where I live I would need to go down to the city office building and tell them I'm starting a new business and what kind of business it is. At that point you would file for a DBA ( doing business as). Once you acquired this, now your a business. Up to you as far as insurance for the business. But you need to start separating all expenses, incoming cash, etc... You can't include this with personal taxes. So at the end of the year you would bring all your info to an accountant and let them do their magic. One thing to consider is there probably going to write off most of your gear long term. So say the lens you just bought will last you 20 yrs. There going to write it off over a twenty year period. Most likely they would choose something not so spread out but you get the gist of it. [/QUOTE]

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